- The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET.
- The ADP national employment report for April will be released at 8:15 a.m. ET. Analysts expect private payrolls increasing 398,000 in April following a 455,000 increase in the previous month.
- International trade report for March is scheduled for release at 8:30 a.m. ET. Analysts expect a deficit of $106.5 billion for total goods and services trade in March, versus an $89.2 billion gap in the previous month.
- The services PMI for April will be released at 9:45 a.m. ET. The final services PMI is projected to hold at the 54.7 flash level for April.
- The ISM services PMI for April is scheduled for release at 10:00 a.m. ET. The ISM services PMI is likely to rise slightly to 58.9 in April from 58.3 in March.
- The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
- The Federal Reserve will announce its policy decision at 2:00 p.m. ET. After increasing its policy target by a quarter point in March, analysts are expecting a half point hike during the meeting.
- Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.
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